Image source: Getty Images
If you are looking to create passive income, it makes sense to invest in dividend-paying stocks. Dividend stocks provide investors an opportunity to benefit from a steady stream of recurring payouts as well as long-term capital gains.
Further, companies that pay dividends generally derive profits across business cycles providing a semblance of certainty during tumultuous periods. Historically, dividend stocks have outpaced the broader markets by a wide margin.
So, let’s look at three Canadian stocks that pay investors monthly dividends.
Pembina Pipeline (TSX:PPL)(NYSE:PBA) is a leading North American energy infrastructure company with an integrated base of assets. It has a track record of profitable growth and a proven business strategy built on Pembina’s low- to moderate-risk operating principles. Equipped with a strong balance sheet…